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Hastings utility reviews year-end finances, discusses sewer accounting and conservation pilot
Summary
Utility staff reported stronger-than-expected electric and gas results, explained a $2.4 million contribution-in-aid for a transferred lift station that inflated sewer accounting results, and described a one-year conservation pilot that has deployed about 16 smart irrigation controllers.
Utility staff presented a year-end financial overview Thursday that showed solid results for electric and gas, a mixed picture for cash across departments and a notable accounting entry tied to a lift station transfer.
JC, a finance staff member, told the board electric usage was up about 5% and that the operation-and-maintenance accounts produced revenue gains. JC said water and sewer results were influenced by timing and capital accounting: a lift station that Hartwell completed and transferred to the utility was recorded as a…
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